UPS increases UK sales by 9pc

UPS Ltd increased sales in the UK to £945 million last year from £869m in 2015, while operating profit was up from £59.4m to £62.3m.

In its annual results for the year to 31st December 2016, it said it expected to modest growth in both domestic and international revenue to continue.

“The directors expect the general level of activity to remain consistent with 2016 in the forthcoming year, The directors have considered the effect of the recent EU referendum of EU membership and believe the company is in a position to handle any possible financial implications that arise.